BIP 110 Faces Miner Backlash as DOG Mode Client Offers Alternative Path

Bitcoin

This event shows that macro and geopolitical shocks remain the dominant drivers of risk assets. Crypto, still correlated with equities during panic, may see temporary contagion, but extreme fear historically precedes strong recoveries. The simultaneous oil spike indicates inflation fears, which could pivot investors toward hard assets like Bitcoin over the medium term.

Tech stocks plunge in Asia after a record rally and renewed Middle East attacks, while oil rises.

Asia Tech Rout and Middle East Attacks Stoke Extreme Fear in Crypto, Oil Spike Squeezes Miners

Rising oil prices from Middle East attacks silently squeeze Bitcoin miners, adding hidden sell pressure that undermines the 'buy the extreme fear' narrative.